MGM - Dec 24 Opening Sustainable Momentum
Grading B 7 points
No idea, it is a pute technical play +1
Stock’s fundamentals are also aligned +1
Greater force - There is alignment with RUT +2
Technicals - Breakthrough below H1 100SMA, consolidation, Strong KL resistance above 100SMA(H1)
Opening Sustainable Momentum 🧑🏻🚀
Strategy
Key facts today
Truist has lowered its price target for MGM Resorts International from $50 to $45, while still maintaining a 'Buy' rating. The average rating for MGM is overweight, with a mean price target of $46.29.
13,100.00
0.01 BRL
4.01 B BRL
92.94 B BRL
About MGM Resorts International
Sector
Industry
CEO
William Joseph Hornbuckle
Website
Headquarters
Las Vegas
Founded
1986
ISIN
BRM1GMBDR019
FIGI
BBG00R40Y7H4
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment operates the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George’s County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment includes MGM Macau and MGM Cotai. The MGM Digital segment focuses on the online gaming portfolio, which consists primarily of Leo Vegas, which is headquartered in Sweden and Malta. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
MGM Worth the BET? Not financial advice
1st thing that draws my attention is the resistance at 47.00
2nd thing I noticed is the move up the last 3 months back to 47.00 was a bearish move up as evidenced by the descending channel on Stoch RSI
3rd thing is we double topped on regular RSI even though we came up to 47.0
MGM Resorts draws increased institutional investmentMGM Resorts International (NYSE: MGM), a prominent operator of global casino resorts, has seen a notable influx of investments from major institutional firms in recent months. The company's robust revenue growth and promising expansion into new markets fuelled the growing interest from investors.
Two Signals For MGM Provide Rollercoaster ActionI had two trading signal trigger for MGM last week that could set the stage for some good up and down trading. My MACD overtraded signal fired on the daily chart on January 31, 2023 indicating the stock should move down over the next 10 trading days. This signal is accurate 94.297% of the 264 studie
MGM Resorts International Options Ahead of EarningsIf you haven`t bought MGM during the Covid pandemic:
Then analyzing the options chain and the chart patterns of MGM Resorts International prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approxi
MGM a Good Bet moving forward Gamblers are BackNot financial advice
Said it all on the charts but I'd try to get an entry between 35-38.00 to take profits at upper end of this huge rising wedge that started developing way back in 2014 .
If we get a close above 58 and out of this rising wedge could be some big gains in store.
Let's just see how
Green Energy Investments Propel MGM Resorts (NYSE: MGM)MGM Resorts Riding the Bullish Wave
MGM Resorts (MGM) is currently riding a bullish wave on the New York Stock Exchange (NYSE). The company's stock has surged in response to strategic moves towards sustainable practices and green energy investments. This shift has resonated with investors seeking e
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Summarizing what the indicators are suggesting.
Oscillators
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Summary
Neutral
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Strong sellStrong buy
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Summary
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
C
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Maturity date
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MGM5885613
MGM Resorts International 6.125% 15-SEP-2029Yield to maturity
6.57%
Maturity date
Sep 15, 2029
MGM5059888
MGM Resorts International 4.75% 15-OCT-2028Yield to maturity
6.50%
Maturity date
Oct 15, 2028
MGM4394710
MGM Resorts International 4.625% 01-SEP-2026Yield to maturity
5.45%
Maturity date
Sep 1, 2026
C
MGM3669758
Circus Circus Enterprises, Inc. 6.7% 15-NOV-2096Yield to maturity
4.72%
Maturity date
Nov 15, 2096
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